The truck stops here. Trevor Milton, the founder o
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Posted On: 12/26/2023 9:39:02 AM
The truck stops here. Trevor Milton, the founder of flagging electric- and hydrogen-powered truck maker Nikola
, was sentenced to four years in prison and hit with a $1 million fine over federal fraud crimes. Prosecutors had been seeking 11 years for Milton, whom they compared to disgraced Theranos founder Elizabeth Holmes. (She was sentenced to a shade more than 11 years for her blood-machine fraud scheme.) Milton continued to deny that he committed any crimes during Monday’s sentencing. He’s out on bail while he appeals the term. Nikola shares, meanwhile, are trading under $1.
, was sentenced to four years in prison and hit with a $1 million fine over federal fraud crimes. Prosecutors had been seeking 11 years for Milton, whom they compared to disgraced Theranos founder Elizabeth Holmes. (She was sentenced to a shade more than 11 years for her blood-machine fraud scheme.) Milton continued to deny that he committed any crimes during Monday’s sentencing. He’s out on bail while he appeals the term. Nikola shares, meanwhile, are trading under $1.
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